president obama and house speaker john boehner have shared their new versions of their plans. neither has sealed the deal yet. the white house asking for $1.4 trillion in new tax revenues. instead of the 1.6 trillion demanded for republicans making a counteroffer. less known about the details of the counter offer. 20 days and counting for 500 billion in automatic tax hikes and spending cuts. the congressional budget office tells us for recession. of course, have you congress going on vacation. that happens in two days. with technically 48 hours to go, let's get to elijah cummings. do you think you will have a deal before you go off on break? >> i do. if you asked me a few days ago, i would have said no. >> why? >> the parties are talking. they are talking, exchange of paper but proposals, but they are meeting. we had the business round table yesterday. major corporations in the country saying, look, revenue, increase in rates, must be a part of this deal. i think all of the things are coming together and we have to see what comes out again. look at where we were a week or two